Individual Retirement Plans - Chartered Financial Services in Warren NJ After years of working hard, make sure you have the retirement you deserve with retirement planning from Chartered Financial Services in Warren New Jersey. Planning is an essential step to help make sure you acheive your financial goals. It’s no longer possible to rely on Social Security as a way to fully replace your retirement income. And, employer-sponsored plans may not provide enough savings and earnings opportunities on their own. Effective planning can help you achieve your goals and live your dream retirement. The key is to know how to make it happen. What is retirement planning? Retirement planning isn’t a single step or a simple investment plan. It’s a process that brings together a variety of income sources to achieve specific goals. Ultimately, it includes understanding your estimated retirement expenses, and then implementing savings and investment programs to cover those anticipated expenditures. It may sound complex – and it can be – but with the help of professionals, you can create a step-by-step plan that helps you turn goals into reality. What does it do for me? Having a plan for retirement allows you to set a goal and outline the steps you need to take to get to that point. It may mean developing multiple sources of income during your lifetime. This may include Social Security, employer-sponsored retirement plans, investment strategies, life insurance (especially income-producing products) as well as real estate and simple savings accounts. When you have an effective plan in place, you can build wealth faster, often with fewer tax implications, and gain the wealth necessary to help you live the type of life you want when you are older. Additionally, this type of planning can also help you protect your family and assets, enable you to travel, help you to support your favorite charities, and minimize the number of assets you leave behind after death. It also aids in planning for your retirement needs as they change, including planning for long-term care. When Should I Start? As soon as possible! The sooner you start planning for your retirement, the sooner you may be be able to retire, and potentially, the more money you’ll have later. It’s not too late to start, either. Those who are in their late 50s still have options to plan for retirement. Building your retirement starts with creating a plan. Even if you think you don’t have the income to set aside for retirement or you believe your other savings vehicles are good enough, it’s important to meet with a professional. Call Chartered Financial Services in Warren New Jersey at (800) 549-6007 today to speak with a Chartered Financial professional to discuss your needs, options and learn about next steps or contact us with any questions.